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Velesto is stock to watch. They just secure a contract from Hess to carry out upstream activities on their oilfields. JX Nippon and Petronas signed a MoU for exploration, development and production of oilfields near Kerteh offshore for Gas.
World is short of c/oil and gas amid introduction of price cap on Russia crude oil. Japan is a country that needs energy supplies. Expect more earnings from Velesto in FY23. BUY.
Velesto is equivalent to Schlumberger / Baker-Hughes / Halliburton / Cameron
